Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (4158)	6/26/2001 9:35:00 AM
From: Wayners	Read Replies (2) \| Respond to of 33421

What did you think of todays durable good orders. Is demand picking up?

To: John Pitera who wrote (4158)	6/26/2001 3:13:00 PM
From: MulhollandDrive	Read Replies (1) \| Respond to of 33421

Hi John... Thank you for such "food for thought". In general, I'm wondering if the USD "strength" is bore out of the "weakness" of the competing economies...the last of the safe havens, on the cusp. >>The US Dollar has been so strong and has continued to be even as US short term rates have come down, due to several reasons. The US is the only global superpower and I have mentioned a few times that I think that this keeps a bid under the currency, This dovetails the issue that there are not many alternatives to holding US Dollar's, Japan has been through an 11 year downturn, and has been in and out of recession, and has fallen out of the International Investors favor.<<

To: John Pitera who wrote (4158)	6/26/2001 6:06:44 PM
From: Hawkmoon	Read Replies (1) \| Respond to of 33421

Excellent post John!

To: John Pitera who wrote (4158)	6/26/2001 11:08:16 PM
From: Jorj X Mckie	Read Replies (1) \| Respond to of 33421

Congrats on the cool post of the day!

To: John Pitera who wrote (4158)	6/27/2001 7:19:51 AM
From: Louis V. Lambrecht	Read Replies (1) \| Respond to of 33421

John - 'bout Euro and the ECB, yet some others points of vue. The Italian paper La Repubblica ( repubblica.it ) published an interview of Wim Duysenberg this morning. Now, the Euroland points of vue: Italy : could not find that piece on the paper's own site. UK: "ECB's Duisenberg says likely to step down before term ends" news.ft.com (UK still is reluctant to join the Euro) France: "The depreciation of the Euro has ended" latribune.fr (French language) AFX Newswire: "ECB's Duisenberg does not see recession risk in euro zone" europeaninvestor.com\|LG=EN\|NID=3630538,00.html which I paste here: >>>> ECB's Duisenberg does not see recession risk in euro zone 27-Jun-2001 09:24 MILAN (AFX) - European Central Bank chairman Wim Duisenberg said there is no risk of an economic recession in the euro zone. In an interview with the daily La Repubblica, Duisenberg said economic growth in the euro zone is expected to be at 2.0-2.5 pct in 2001 and 2002, which is in line with the area's growth potential. He said he would like the euro zone economy to grow faster butthe central bank cannot intervene to boost growth. The central bank can only create a stable environment, he said. He added that inflation is expect to fall sligthly below 2 pct next year. Duisenberg said he expects euro-zone countries to respect the commitments made in the stability pact to reach balanced public accounts or a budget surplus in the medium-term. He also said he believes that the depreciation of the euro against other major currencies is over. Duisenberg said it is probable, due to his age, that he will not fulfill is eight year mandate at the helm of the bank. pw/jkm/ >>>>>>>>>>> This interview will probably stay unnoticed as the Global Village is on Fed watch today, but has some indications on the Euro. IMHO, Duysemberg will step out as soon as the recovery of the Euro is on track. Important to mention (IMHO) is the fact that he always stated, till today, that he did not see any need to sustain the value of the Euro. The US financial community requested (black-mailed?) central banks intervention of late 2000 has been a pure waste of money. Technically, the EUR/USD has entered a downward channel, starting Dec 28-Jan 05. Jun 11 made a low on narowing Bollinger bands and is trending higher. 0.87 would be the upper bound of the downtrend channel. You also could see a cup'n handle targeting 0.9 former resistance zone. futuresource.com Not advocating anything here, only paying my respects to Wim Duysenberg. I had a rough time trying to understand his policy. (Still not understanding, btw). But the job, so far, seems to be well done. Wether he succeeds or not will be noticed soon enough.